Y.D. More Investments Ltd Acquires 449 Shares of Fifth Third Bancorp (NASDAQ:FITB)

Y.D. More Investments Ltd increased its holdings in Fifth Third Bancorp (NASDAQ:FITB) by 118.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 828 shares of the financial services provider’s stock after buying an additional 449 shares during the period. Y.D. More Investments Ltd’s holdings in Fifth Third Bancorp were worth $35,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Retirement Wealth Solutions LLC purchased a new position in shares of Fifth Third Bancorp in the fourth quarter valued at $25,000. Venturi Wealth Management LLC boosted its stake in Fifth Third Bancorp by 89.5% in the 3rd quarter. Venturi Wealth Management LLC now owns 669 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 316 shares during the period. Legacy Investment Solutions LLC purchased a new position in Fifth Third Bancorp during the 3rd quarter valued at about $36,000. Hexagon Capital Partners LLC increased its position in shares of Fifth Third Bancorp by 56.9% during the third quarter. Hexagon Capital Partners LLC now owns 860 shares of the financial services provider’s stock valued at $37,000 after buying an additional 312 shares during the period. Finally, MidAtlantic Capital Management Inc. purchased a new stake in shares of Fifth Third Bancorp in the third quarter worth about $39,000. Institutional investors own 83.79% of the company’s stock.

Fifth Third Bancorp Stock Up 0.7 %

FITB opened at $44.30 on Friday. Fifth Third Bancorp has a 12 month low of $32.29 and a 12 month high of $49.07. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.82. The business’s 50-day moving average price is $44.21 and its 200-day moving average price is $43.40. The company has a market cap of $29.70 billion, a P/E ratio of 14.11, a P/E/G ratio of 1.44 and a beta of 1.23.

Fifth Third Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a $0.37 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.48 annualized dividend and a yield of 3.34%. Fifth Third Bancorp’s payout ratio is currently 47.13%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on FITB. Keefe, Bruyette & Woods boosted their price objective on shares of Fifth Third Bancorp from $45.00 to $51.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Wells Fargo & Company upped their price target on shares of Fifth Third Bancorp from $52.00 to $54.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Citigroup lifted their price objective on Fifth Third Bancorp from $43.00 to $52.00 and gave the company a “neutral” rating in a research note on Friday, November 22nd. StockNews.com lowered Fifth Third Bancorp from a “hold” rating to a “sell” rating in a research note on Wednesday, November 6th. Finally, Piper Sandler reiterated an “overweight” rating and set a $53.00 price target (down previously from $54.00) on shares of Fifth Third Bancorp in a research report on Wednesday, January 22nd. One analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, Fifth Third Bancorp has a consensus rating of “Hold” and a consensus price target of $46.75.

Fifth Third Bancorp Company Profile

Fifth Third Bancorp operates as the bank holding company for Fifth Third Bank, National Association that engages in the provision of a range of financial products and services in the United States. It operates through three segments: Commercial Banking, Consumer and Small Business Banking, and Wealth and Asset Management.